Privia Health Group Inc (PRVA)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 20,649 | -14,601 | -214,987 |
| Interest expense | US$ in thousands | 8,372 | 500 | 1,100 |
| Interest coverage | 2.47 | -29.20 | -195.44 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $20,649K ÷ $8,372K
= 2.47
The interest coverage ratio for Privia Health Group Inc for 2023 is not provided in the table. In 2022, the interest coverage ratio was not applicable (N/A) and in 2021, it was -203.21. This negative value indicates that the company's operating income was insufficient to cover its interest expenses in 2021, implying a potential financial risk. It is important for the company to improve its interest coverage ratio to ensure it can meet its interest obligations comfortably in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Interest coverage
Privia Health Group Inc
PRVA
2.47
US Physicalrapy Inc
USPH
123.95